OPEN//PM reviews investment opportunities in sectors of tourism, antiquities
CAIRO, June 10 (MENA) - Prime Minister Moustafa Madbouli said that the Egyptian government is actively formulating clear plans with specific targets aimed at promoting investment opportunities across various sectors.
One of the most important of these sectors is tourism, where close monitoring is being undertaken by the ministries of tourism and investment.
This came during a meeting held on Tuesday at the New Administrative Capital to review investment opportunities in the tourism and antiquities sectors in presence of Minister of Tourism and Antiquities Sherif Fathy, Minister of Investment and Foreign Trade Hassan el Khatib and senior officials from both ministries.
Fathy explained that a specialized unit is being formed to manage investment opportunities, with the goal of establishing an 'investment opportunities bank' for the sector. This would help achieve strategic goals by presenting available projects and opportunities.
The minister reviewed the investment map for tourism and antiquities, highlighting a target to attract 30 million tourists by 2031. This goal depends largely on the growth of Egypt's hotel capacity.
In 2024, Egypt added 7,200 new hotel rooms (55% of which were new builds). In 2025, around 19,000 additional rooms are expected through new projects, expansions and national initiatives, he said.
Planned investments include tourist restaurants, cafes and preservation/restoration of antiquities. Over the past 5 years, the Supreme Council of Antiquities has implemented an average of 36 projects per year, he added.
The minister also reviewed planned investments across governorates between 2025–2031, covering hotels, restaurants, safari camps, amusement parks and the rehabilitation and operation of archaeological sites and museums in partnership with the private sector.
Khatib said that this meeting marks the third consecutive sectoral review within Egypt's unified national investment strategy, which aims to increase FDI across all sectors. Tourism and antiquities are high-priority sectors due to Egypt's ambitious targets for tourist inflow.
He said that opportunities in these sectors will be featured on the national investment map, accompanied by all necessary data for investors. The strategy is based on a comprehensive sectoral diagnosis, identification of priorities, reform and legislative recommendations, and development of a complete, executable investment roadmap. (MENA)
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